The management team of provider @SIPP has completed full buyout of the business.
The specialist self-invested personal pension (SIPP) and small self-administered scheme (SSAS) provider said the management buyout (MBO) was led by managing director Eddie McGuire and finance director Steve Lancaster. The entire share capital of Glasgow-headquartered @SIPP was bought for an undisclosed sum by @SIPP Group Holdings, a holding company established by the existing management team. The team said it was keen for the business - which was established in 2001 and has £2bn in assets under administration from 4,600 clients and 550 financial advisers - to remain independent and co...
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